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CNN VALUES YOUR FEEDBACK 1. How relevant is this ad to you? 2. Did you encounter any technical issues? No Video player was slow to load content Video content never loaded Ad froze or did not finish loading Video content did not start after ad Audio on ad was too loud Other issues Ad never loaded Ad prevented/slowed the page from loading Content moved around while ad loaded Ad was repetitive to ads I've seen previously Other issues Cancel Submit Thank You! Your effort and contribution in providing this feedback is much appreciated. Close Ad Feedback Close icon Markets Tech Media Success Perspectives Videos More Markets Tech Media Success Perspectives Videos Audio Live TV Log In My Account * Settings * Log Out Your CNN account Log in to your CNN account Search Log In My Account * Settings * Log Out Your CNN account Log in to your CNN account -------------------------------------------------------------------------------- Live TV Audio -------------------------------------------------------------------------------- Edition US International Arabic Español Edition * US * International * Arabic * Español -------------------------------------------------------------------------------- Markets Tech Media Success Perspectives Videos Follow CNN Business * * * -------------------------------------------------------------------------------- * US * Crime + Justice * Energy + Environment * Extreme Weather * Space + Science * World * Africa * Americas * Asia * Australia * China * Europe * India * Middle East * United Kingdom * Politics * SCOTUS * Congress * Facts First * 2020 Election * Business * Markets * Tech * Media * Success * Perspectives * Video * Opinion * Political Op-Eds * Social Commentary * Health * Life, But Better * Fitness * Food * Sleep * Mindfulness * Relationships * Entertainment * Movies * Television * Celebrity * Tech * Innovate * Gadget * Foreseeable Future * Mission: Ahead * Upstarts * Work Transformed * Innovative Cities * Style * Arts * Design * Fashion * Architecture * Luxury * Beauty * Video * Travel * Destinations * Food & Drink * Stay * Videos * Sports * Pro Football * College Football * Basketball * Baseball * Soccer * Olympics * Hockey * Videos * Live TV * Digital Studios * CNN Films * HLN * TV Schedule * TV Shows A-Z * CNNVR * CNN Underscored * Electronics * Fashion * Beauty * Health & Fitness * Home * Reviews * Deals * Money * Gifts * Travel * Outdoors * Pets * CNN Store * Coupons * More * Photos * Longform * Investigations * CNN Profiles * CNN Leadership * CNN Newsletters * Work for CNN HAPPENING NOW Kevin McCarthy appears to have lost a seventh round of House speaker balloting. Watch CNN Markets DOW 32,985.95 0.85% S&P 500 3,822.29 0.80% NASDAQ 10,363.19 0.91% Fear & Greed Index 44 fear is driving the US market Latest Market News Mortgage rates start 2023 twice as high as they were a year ago Bankrupt cryptocurrency lender Celsius Networks allegedly defrauded investors out of billions of dollars How to be a better investor in 2023 Something isn't loading properly. Please check back later. GERMANY AND NORWAY WILL BUILD A BIG HYDROGEN PIPELINE By Anna Cooban, CNN Published 9:49 AM EST, Thu January 5, 2023 Link Copied! Play Video Ad Feedback Sabotage suspected in Nord Stream pipeline leaks 02:27 - Source: CNN Oil and Energy 16 videos Video Ad Feedback Hear why this gas station owner is selling gas at a loss 01:17 Now playing - Source: KTVK/KPHO Video Ad Feedback This is what determines the price of gas 01:57 Now playing - Source: CNN Video Ad Feedback OECD secretary-general explains global cost of the Russian oil embargo 03:18 Now playing - Source: CNN Video Ad Feedback How gas prices and inflation could impact midterm elections 02:33 Now playing - Source: CNNBusiness Video Ad Feedback Sabotage suspected in Nord Stream pipeline leaks 02:27 Now playing - Source: CNN Video Ad Feedback This is what Chevron's CEO thinks about climate change 05:30 Now playing - Source: CNNBusiness Video Ad Feedback 'I can't withstand the heat': Americans behind on utility bills face extreme weather 02:38 Now playing - Source: CNN Video Ad Feedback Inflation is cooling but prices are still painfully high 02:25 Now playing - Source: CNN Video Ad Feedback EU countries agree to reduce gas consumption to prep for winter 02:29 Now playing - Source: CNN Video Ad Feedback IEA director says Europe needs to lower gas consumption to prepare for winter 03:04 Now playing - Source: CNN Video Ad Feedback Nord Stream 1 makes Europe more reliant on Russian gas. Here's why 02:55 Now playing - Source: CNN Video Ad Feedback French finance minister says country prepping for cutoff of Russian gas supply 02:50 Now playing - Source: CNN Video Ad Feedback Hungarian foreign minister on why the country is still buying Russian energy 02:28 Now playing - Source: CNN Video Ad Feedback Three reasons gas prices are expected to stay high 02:44 Now playing - Source: CNN Business Video Ad Feedback 'Not acceptable': Biden calls out oil refinery profit margin in letter 02:46 Now playing - Source: CNN Video Ad Feedback Fact-checking Biden's claim that Putin shares blame for inflation 02:33 Now playing - Source: CNN Video Ad Feedback Hear why this gas station owner is selling gas at a loss 01:17 Now playing - Source: KTVK/KPHO Video Ad Feedback This is what determines the price of gas 01:57 Now playing - Source: CNN Video Ad Feedback OECD secretary-general explains global cost of the Russian oil embargo 03:18 Now playing - Source: CNN Video Ad Feedback How gas prices and inflation could impact midterm elections 02:33 Now playing - Source: CNNBusiness Video Ad Feedback Sabotage suspected in Nord Stream pipeline leaks 02:27 Now playing - Source: CNN Video Ad Feedback This is what Chevron's CEO thinks about climate change 05:30 Now playing - Source: CNNBusiness Video Ad Feedback 'I can't withstand the heat': Americans behind on utility bills face extreme weather 02:38 Now playing - Source: CNN Video Ad Feedback Inflation is cooling but prices are still painfully high 02:25 Now playing - Source: CNN See More Videos London CNN — Germany just took a step closer to finding a long-term, greener replacement for Russian natural gas and coal. German power producer RWE (RWEOY) and Norwegian state-owned energy firm Equinor on Thursday announced plans to build hydrogen-fueled power plants in Germany over the next few years, as well as a major pipeline between the two countries to feed them. The agreement — which is not yet legally binding — is part of Germany’s efforts to phase out all coal-fired power stations by 2030 and decarbonize its energy sector. Berlin has pivoted dramatically away from Russia as a source of energy since its invasion of Ukraine, and needs to find secure alternative suppliers. Ad Feedback “Through this collaboration we will strengthen the long-term energy security for Europe’s leading industrial country,” Anders Opedal, Equinor’s CEO and president, said in a joint statement. The power plants, jointly owned by RWE and Equinor, will initially run on natural gas produced in Norway before transitioning to “blue” hydrogen, also produced in Norway using natural gas and pumped through the underwater pipeline, the companies said. More than 95% of the carbon dioxide emitted during the production of hydrogen will be captured and stored under the seabed, they added. Equinor plans to develop a 2 gigawatt production capacity for “blue” hydrogen by 2030. Ad Feedback The ultimate aim is to generate so-called “green” hydrogen using renewable energy produced by offshore wind farms, they said, without providing target dates. The European Union has a target to build a 40 gigawatt renewable hydrogen production capacity by 2030. “There is an urgent need for a rapid ramp up of the hydrogen economy,” Markus Krebber, RWE’s chief executive, said in the statement. “Blue hydrogen in large quantities can make a start, with subsequent conversion into green hydrogen supply.” The companies did not state how many power plants they intend to build, or the value of their joint investments. Norway is now Europe’s biggest supplier of natural gas, according to EU official statistics. Ever since Russia started slashing its exports to the bloc in retaliation for European sanctions over the war in Ukraine, the Nordic country has ramped up its own exports to help fill the gap. “In the midst of the energy crisis, we see how important Norway is as a reliable supplier of gas to Europe, but we also see how crucial it is that we switch more quickly to more renewable energy.” Norwegian prime minister Jonas Gahr Stoere told reporters in Oslo on Thursday, according to a Reuters report. Just before Russia invaded Ukraine in late February, Germany scrapped plans to use the Nord Stream 2 pipeline, which was built by Gazprom to deliver up to 55 billion cubic meters of natural gas per year — or more than half of Germany’s annual consumption. In the months that followed, Russia dramatically cut flows of natural gas through the Nord Stream 1 pipeline. Flows on that pipeline stopped altogether in August when it shut for repairs. It didn’t reopen. Both pipelines were hit a month later by a series of explosions. Denmark and Sweden have said the infrastructure was deliberately targeted, and Sweden’s security service has said that it cannot be ruled out “that a foreign power is behind it.” Suspicion has fallen on Russia as the only actor in the region believed to have both the capability and motivation to deliberately damage the pipelines. The Kremlin has denied striking the pipelines. After the explosions, NATO vowed to mount a “united and determined response” if the damage proved to be deliberate. — Charles Riley and Julia Horowitz contributed reporting. Paid Partner Content MORE FROM CNN BUSINESS John Nacion/NurPhoto via AP Bed Bath and Beyond says it may not survive Jan 05, 2023 Win McNamee/Getty Images How McCarthy's unprecedented leadership battle is a reflection of Fox News and right-wing media Jan 05, 2023 Ad Feedback CNN BUSINESS VIDEOS •Video Reuters See how this self-driving stroller works Jan 05, 2023 •Video "Undisputed"/Fox Sports 1 Shannon Sharpe confronts Skip Bayless about tweet made after Damar Hamlin collapsed Jan 04, 2023 •Video PBS 'You want to die': Edward Norton learns details about slaves one of his ancestors owned Jan 04, 2023 •Video NBC / "Late Night with Seth Meyers" Late night hosts react to McCarthy's failure to win House vote for speaker Jan 04, 2023 Ad Feedback Search Log In My Account * Settings * Log Out Your CNN account Log in to your CNN account -------------------------------------------------------------------------------- Live TV Audio -------------------------------------------------------------------------------- * US * Crime + Justice * Energy + Environment * Extreme Weather * Space + Science * World * Africa * Americas * Asia * Australia * China * Europe * India * Middle East * United Kingdom * Politics * The Biden Presidency * Facts First * US Elections * Business * Markets * Tech * Media * Success * Perspectives * Videos * Opinion * Political Op-Eds * Social Commentary * Health * Life, But Better * Fitness * Food * Sleep * Mindfulness * Relationships * Entertainment * Movies * Television * Celebrity * Tech * Innovate * Gadget * Foreseeable Future * Mission: Ahead * Upstarts * Work Transformed * Innovative Cities * Style * Arts * Design * Fashion * Architecture * Luxury * Beauty * Video * Travel * Destinations * Food & Drink * Stay * News * Videos * Sports * Pro Football * College Football * Basketball * Baseball * Soccer * Olympics * Hockey * Videos * Live TV * Digital Studios * CNN Films * HLN * TV Schedule * TV Shows A-Z * CNNVR * Audio * CNN Underscored * Electronics * Fashion * Beauty * Health & Fitness * Home * Reviews * Deals * Money * Gifts * Travel * Outdoors * Pets * CNN Store * Coupons * Weather * Climate * Storm Tracker * Wildfire Tracker * Video * More * Photos * Longform * Investigations * CNN Profiles * CNN Leadership * CNN Newsletters * Work for CNN -------------------------------------------------------------------------------- Audio Live TV Follow CNN Business * * * * Log In My Account * Settings * Log Out Your CNN account Log in to your CNN account -------------------------------------------------------------------------------- Most stock quote data provided by BATS. 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